Louisiana’s Largest Credit Union, Barksdale Federal Credit Union Goes Live with Scienaptic AI

15% rise in unsecured loan approvals; auto-decisioning hits 50% across all products

NEW YORK--(BUSINESS WIRE)--Leading global AI-powered credit underwriting platform provider Scienaptic AI, announced today that Barksdale Federal Credit Union has implemented its AI-based underwriting platform and is now live. This deployment is significantly streamlining the credit union’s underwriting process, leading to an increase in approval rates and a notable enhancement in the member experience. Importantly, all these advancements have been achieved while ensuring fairness, inclusivity, and compliance with regulatory standards, which are integral to Scienaptic's AI platform.

Founded in 1954, Barksdale Federal Credit Union was established to serve military and civilian personnel at Barksdale Air Force Base in Bossier City. While continuing to support the men and women of the base and their families, Barksdale Federal now serves over 1,000 companies, associations, and churches. Committed to enhancing the economic well-being of its members, including those of modest means, Barksdale Federal's foundation remains as crucial today as it was in 1954. With assets surpassing $2.3 billion, it stands as Louisiana's largest locally-owned credit union and proudly serves Texas and Arkansas through over 30 locations.

“Barksdale Federal Credit Union has always been rooted in resilience and a deep commitment to our community. For over 70 years, we’ve helped our members navigate life’s challenges and build financial strength,” said Patrick Gullatt, CEO of Barksdale Federal Credit Union. “With Scienaptic’s AI-driven platform, we’re automating our underwriting, significantly improving efficiency, and lending with greater precision. We’re seeing more approvals, delivering more personalized credit decisions, and creating a faster, smoother experience for every member we serve.”

Eric Steinhoff, EVP Client Impact at Scienaptic AI, shared, “We are excited that Barksdale Federal Credit Union is now live on our fair and compliant AI-powered credit underwriting platform. Their commitment to smarter, faster, and fairer lending aligns perfectly with our mission. By leveraging our technology, they’re not only accelerating loan approvals and enhancing decision quality, but also expanding access to credit for more members across Louisiana. We’re proud to support their journey.”

About Scienaptic AI

Founded in 2014, Scienaptic AI was built with the mission to drive financial inclusion at scale through AI-driven credit decisioning. The platform encapsulates a decade of technological innovation, integrating more data into decision-making, leveraging advanced machine learning algorithms, and supplementing them with rigorous risk and fair lending monitoring processes. This enables financial institutions to reach more borrowers—including underbanked and underserved individuals—and say “yes” more often without increasing risk.

In September 2024, Scienaptic’s Credit Union Service Organization (CUSO) received strategic equity investments from its clients, further strengthening its mission to elevate lending with AI-driven solutions for inclusive loan growth, automation, lifecycle management, and compliance. Today, the CUSO is backed by 10 strategic investors, underscoring Scienaptic’s deep commitment to the core principle of "people helping people."

The Scienaptic AI platform plays a vital role in supporting over 150 lenders by enhancing lending accuracy and efficiency. Scienaptic’s credit decisioning expertise spans financial institutions collectively managing $3.9 trillion in assets. The platform processes over 3 million credit decisions each month, evaluating loan applications worth more than $3 billion. This enables over 1.3 million underserved individuals every month to access credit opportunities that were previously out of reach. Driven by the growing demand for AI in lending, the company has expanded by over 2,000% in the past three years.

For more information, visit www.scienaptic.ai.